Bottom Line I.T. with Mike Maddox and Erik Jacobsen
RECORDED at ASK
July 10, 2018
Customers of the Bank of Montreal (BMO) and Simplii Financial, the direct banking brand of the Canadian Imperial Bank of Commerce (CIBC) were notified on Monday that an investigation into a possible data breach was launched after malicious actors claimed to have obtained personal and account information. Bank of Montreal and Simplii Financial are two of Canada’s five largest banks. BMO has 8 million customers and believes that less than 50,000 of them have been impacted and CIBC believes that possibly 40,000 of its clients may have been affected.